NEW YORK, April 2, 2014 /PRNewswire/ -- Harwood
Feffer LLP (www.hfesq.com) is investigating potential claims
against certain officers and directors of Altisource Residential
Corporation ("RESI" or the "Company") (NYSE: RESI) concerning
whether breaches of fiduciary duties have occurred.
RESI owns non-performing mortgages and foreclosed single-family
homes. These assets are managed by Altisource Asset
Management (AAMC). RESI pays AAMC a quarterly incentive
fee.
A recent research report alleges that the incentive fee paid to
AAMC is four to seven times higher than the compensation paid to
similar asset managers and is "a sweetheart deal that will unjustly
enrich insiders with a beneficial stake in AAMC at the expense of
RESI's shareholders."
Our investigation concerns whether the RESI board of directors
has breached its fiduciary duties to shareholders, grossly
mismanaged the Company, and/or committed abuses of control in
connection with the foregoing.
If you own RESI shares and wish to discuss this matter with us,
or have any questions concerning your rights and interests with
regard to this matter, please contact:
Robert I. Harwood,
Esq.
|
Matthew M. Houston,
Esq.
|
Benjamin I.
Sachs-Michaels, Esq.
|
Harwood Feffer
LLP
|
488 Madison
Avenue
|
New York, New York
10022
|
Phone
Numbers:
|
(877)
935-7400
|
|
(212)935-7400
|
Email:
bsachsmichaels@hfesq.com
|
Website:
http://www.hfesq.com
|
Harwood Feffer has been
representing individual and institutional investors for many years,
serving as lead counsel in numerous cases in federal and state
courts. Please visit the Harwood Feffer LLP website
(http://www.hfesq.com) for more information about the firm.
Attorney Advertising. © 2014 Harwood Feffer LLP. The law firm
responsible for this advertisement is Harwood Feffer LLP
(www.hfesq.com). Prior results do not guarantee or predict a
similar outcome with respect to any future matter.
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SOURCE Harwood Feffer LLP